How to take over a mortgage when a loved one has passed awayInheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more rightFocus on mortgage affordability to ensure financial stability and enjoyment in life.
My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.Paying off a mortgage early may not provide the expected financial freedom.
Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topicPaying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.
How much should a house down payment be?Mortgage down payment requirements vary; 20% is common but not mandatory.First-time homebuyers can access loans with lower down payment options.Understanding the impact of down payment on monthly costs is crucial.
My Credit Score Plummeted After a Mortgage Payment Mix-Up - What Can I Do?A misunderstanding with mortgage payment amounts led to significant credit score damage for a Reddit user.
How to take over a mortgage when a loved one has passed awayInheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more rightFocus on mortgage affordability to ensure financial stability and enjoyment in life.
My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.Paying off a mortgage early may not provide the expected financial freedom.
Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topicPaying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.
How much should a house down payment be?Mortgage down payment requirements vary; 20% is common but not mandatory.First-time homebuyers can access loans with lower down payment options.Understanding the impact of down payment on monthly costs is crucial.
My Credit Score Plummeted After a Mortgage Payment Mix-Up - What Can I Do?A misunderstanding with mortgage payment amounts led to significant credit score damage for a Reddit user.
Bay Area woman pleads guilty to defrauding AME Zion ChurchSheila Quintana pled guilty to conspiracy in a mortgage fraud scheme involving the African Methodist Episcopal Zion Church.
What is PMI and Do You Need to Pay it?Private mortgage insurance (PMI) is essential for first-time homebuyers to understand and budget for, particularly when making smaller down payments.
We Finally Have Enough Cash to Fulfill Our Big Dream. My Spouse Is Standing in the Way.Pay off the mortgage and invest the savings into retirement for better financial security.
Buying a house: The process explained step-by-stepUnderstanding the homebuying process and planning ahead can simplify the journey from first viewing to ownership.
Should I pay off my mortgage early if this isn't my forever home?Paying off a mortgage early may be wise in uncertain economic times, especially if you have liquidity.
What credit score is needed to buy a house?A credit score is essential for getting a mortgage loan, impacting interest rates and terms.The minimum credit score to qualify for a mortgage varies by loan type.
Selling a House When the Mortgage Hasn't Been Paid Off Is Fine-Unless It's DelinquentYou can sell a house even with an unpaid mortgage, as proceeds help pay off the loan.
What is PMI and Do You Need to Pay it?Private mortgage insurance (PMI) is essential for first-time homebuyers to understand and budget for, particularly when making smaller down payments.
We Finally Have Enough Cash to Fulfill Our Big Dream. My Spouse Is Standing in the Way.Pay off the mortgage and invest the savings into retirement for better financial security.
Buying a house: The process explained step-by-stepUnderstanding the homebuying process and planning ahead can simplify the journey from first viewing to ownership.
Should I pay off my mortgage early if this isn't my forever home?Paying off a mortgage early may be wise in uncertain economic times, especially if you have liquidity.
What credit score is needed to buy a house?A credit score is essential for getting a mortgage loan, impacting interest rates and terms.The minimum credit score to qualify for a mortgage varies by loan type.
Selling a House When the Mortgage Hasn't Been Paid Off Is Fine-Unless It's DelinquentYou can sell a house even with an unpaid mortgage, as proceeds help pay off the loan.
CrossCountry, Blend announce partnership to drive IMB growthBlend has launched a dedicated business unit for IMBs, enhancing technology and support under Justin Venhousen's leadership.
Union Home Mortgage hires two executive leadersSmith transitions to a coaching role at UHM after 23 years, emphasizing legacy and collaboration.Alonzo joins UHM to leverage technology for growth and customer satisfaction post-acquisition.
CrossCountry, Blend announce partnership to drive IMB growthBlend has launched a dedicated business unit for IMBs, enhancing technology and support under Justin Venhousen's leadership.
Union Home Mortgage hires two executive leadersSmith transitions to a coaching role at UHM after 23 years, emphasizing legacy and collaboration.Alonzo joins UHM to leverage technology for growth and customer satisfaction post-acquisition.
The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage RatesHomeowners are refinancing their loans as mortgage rates have dipped to 6.76%, causing a significant increase in refinancing activity.
Do I Need a Mortgage Commitment Letter? What Homebuyers Should KnowA mortgage commitment letter enhances your homebuying offer by showing financial readiness and is crucial in competitive markets.
We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?A 20% down payment on a home can prevent PMI and help maintain liquidity for better financial opportunities.
Can I Buy a Home With No Down Payment?The average down payment for homes has dropped to 14.5%, making home buying more accessible despite rising prices.No-down-payment loans are available but come with limitations for eligible buyers.
AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWireArtificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.
The hidden middlemen who cost homebuyers $12 billion and countingAppraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage RatesHomeowners are refinancing their loans as mortgage rates have dipped to 6.76%, causing a significant increase in refinancing activity.
Do I Need a Mortgage Commitment Letter? What Homebuyers Should KnowA mortgage commitment letter enhances your homebuying offer by showing financial readiness and is crucial in competitive markets.
We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?A 20% down payment on a home can prevent PMI and help maintain liquidity for better financial opportunities.
Can I Buy a Home With No Down Payment?The average down payment for homes has dropped to 14.5%, making home buying more accessible despite rising prices.No-down-payment loans are available but come with limitations for eligible buyers.
AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWireArtificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.
The hidden middlemen who cost homebuyers $12 billion and countingAppraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
Stick or twist: The hidden costs of switching a mortgageMortgage cash-back offers often lose attractiveness due to hidden costs like legal expenses and breakage fees, underscoring the need for informed decisions.
UWM sued by Ohio AG over borrower deception allegationsUWM faces a lawsuit in Ohio accusing it of deceptive practices in mortgage lending.The lawsuit claims UWM pressures brokers to funnel loans back to itself, harming borrowers.
CHLA urges CFPB action on trigger leads after legislative effort failsCHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.
Stick or twist: The hidden costs of switching a mortgageMortgage cash-back offers often lose attractiveness due to hidden costs like legal expenses and breakage fees, underscoring the need for informed decisions.
UWM sued by Ohio AG over borrower deception allegationsUWM faces a lawsuit in Ohio accusing it of deceptive practices in mortgage lending.The lawsuit claims UWM pressures brokers to funnel loans back to itself, harming borrowers.
CHLA urges CFPB action on trigger leads after legislative effort failsCHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.
The 5 Metros With the Greatest Number of Foreclosures To Start 2025Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.
Can't Afford Your Mortgage Anymore? Here's What To Do Before Things Get WorseHomeowners facing financial strain should proactively communicate with their mortgage lenders for assistance.
I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.
VA plans end to VASP foreclosure assistance programVA will cease new enrollments in the VASP program from May 1, 2025, ending a controversial effort to assist veterans with mortgage issues.
The 5 Metros With the Greatest Number of Foreclosures To Start 2025Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.
Can't Afford Your Mortgage Anymore? Here's What To Do Before Things Get WorseHomeowners facing financial strain should proactively communicate with their mortgage lenders for assistance.
I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.
VA plans end to VASP foreclosure assistance programVA will cease new enrollments in the VASP program from May 1, 2025, ending a controversial effort to assist veterans with mortgage issues.
Wire, title fraud risk hits record high, FundingShield reportsThere is an urgent need for improved data verification in mortgage transactions due to rising error rates.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
Farewell, COVID-19 loss mitigation waterfallFHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
Farewell, COVID-19 loss mitigation waterfallFHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Rocket Companies to acquire Mr. Cooper in bombshell $9.4B dealRocket is acquiring Redfin for $1.75 billion to expand its mortgage servicing capabilities.The acquisition will create a servicing book of $2.1 trillion for Rocket.
Oklahoma-based Bank7 acquires First American MortgageBank7 is strategically expanding its mortgage operations in Oklahoma through the acquisition of First American Mortgage, Inc.
Rocket Companies to acquire Mr. Cooper in bombshell $9.4B dealRocket is acquiring Redfin for $1.75 billion to expand its mortgage servicing capabilities.The acquisition will create a servicing book of $2.1 trillion for Rocket.
Oklahoma-based Bank7 acquires First American MortgageBank7 is strategically expanding its mortgage operations in Oklahoma through the acquisition of First American Mortgage, Inc.
The latest niche workplace benefit? Helping workers get a mortgageMichael White pivoted his startup to focus on helping tech employees secure mortgages as many used lines of credit for home purchases.
ECB cuts key interest rates by 0.25 percentage pointsECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.Tracker mortgage holders benefit while savers face reduced interest rates.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Bank of England holds interest rates - London Business News | Londonlovesbusiness.comInterest rates remain at 4.5% amid inflation concerns, impacting high mortgage holders.Future rate cuts may not provide immediate relief for homeowners.Experts advise locking in remortgage deals to avoid higher costs.
ECB cuts key interest rates by 0.25 percentage pointsECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.Tracker mortgage holders benefit while savers face reduced interest rates.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Bank of England holds interest rates - London Business News | Londonlovesbusiness.comInterest rates remain at 4.5% amid inflation concerns, impacting high mortgage holders.Future rate cuts may not provide immediate relief for homeowners.Experts advise locking in remortgage deals to avoid higher costs.
FOA's Kristen Sieffert talks about growing the business in 2025FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
Better introduces VA refi loan with no appraisal or closing costsBetter.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
Daniel McCoy joins Highland Residential MortgageDaniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.
FOA's Kristen Sieffert talks about growing the business in 2025FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
Better introduces VA refi loan with no appraisal or closing costsBetter.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
Daniel McCoy joins Highland Residential MortgageDaniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.
TransUnion, Truework add mortgages to income verification toolTruVision simplifies income verification for lenders amid changing market conditions.
Vice Capital Markets integrates Fannie Mae's new loan pricing APIThe new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.
TransUnion, Truework add mortgages to income verification toolTruVision simplifies income verification for lenders amid changing market conditions.
Vice Capital Markets integrates Fannie Mae's new loan pricing APIThe new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.
Uplist partners with Polly, offering insights to loan officersThe integration of Polly's pricing technology into Uplist significantly enhances client retention and refinance opportunities.
What is the best mortgage company to use when buying a Boston condo?Rocket Mortgage is the recommended mortgage provider for Boston condo buyers in 2025.First-time buyers can obtain a mortgage with a low down payment option.
fromwww.housingwire.com1 month agoUWM originated $139 billion in volume in 2024UWM achieved a nearly 30% increase in loan production in 2024 amidst challenges, signaling strong performance and resilience.
Internal memo outlines DOGE's plan to gut HUDHUD's deep budget cuts may exacerbate housing costs and disrupt markets significantly.
MBA lowers 2025 mortgage forecast for refinancesThe MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.
UWM debuts new 75-bps incentive on refisUWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.
Internal memo outlines DOGE's plan to gut HUDHUD's deep budget cuts may exacerbate housing costs and disrupt markets significantly.
MBA lowers 2025 mortgage forecast for refinancesThe MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.
UWM debuts new 75-bps incentive on refisUWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.
Tax Benefits of Owning a Home: Tax Breaks, Incentives, and MoreHomeownership offers significant tax benefits that can save homeowners thousands of dollars each year.
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and ConsPaying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
Rocket plays the long game with its renter rewards programRocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'Restructuring mortgage repayments can significantly shorten loan duration.Solar panels can aid in reducing monthly electricity expenses.
Tax Benefits of Owning a Home: Tax Breaks, Incentives, and MoreHomeownership offers significant tax benefits that can save homeowners thousands of dollars each year.
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and ConsPaying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
Rocket plays the long game with its renter rewards programRocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'Restructuring mortgage repayments can significantly shorten loan duration.Solar panels can aid in reducing monthly electricity expenses.
Better.com reports 400% growth for HELOC businessBetter's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.
Better.com continues to invest in AI even as its earnings sufferBetter Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
Better.com reports 400% growth for HELOC businessBetter's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.
Better.com continues to invest in AI even as its earnings sufferBetter Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
This factor can get your mortgage application denied even if you're a high earnerUnderstanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.
I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.
I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?Paying off mortgage debt can be wise, but could result in regret if stocks outperform.
Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do FirstPrioritize retirement savings over early mortgage repayment for greater financial security.
Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra formsSelf-employment increases mortgage challenges due to income variability and stricter lender criteria.
This factor can get your mortgage application denied even if you're a high earnerUnderstanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.
I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.
I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?Paying off mortgage debt can be wise, but could result in regret if stocks outperform.
Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do FirstPrioritize retirement savings over early mortgage repayment for greater financial security.
Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra formsSelf-employment increases mortgage challenges due to income variability and stricter lender criteria.
This is the minimum amount of money you need to buy a houseUnderstanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.
Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This YearHomeowners can reduce their taxable income by using Form 1098 for mortgage interest deductions.
Lower's Dan Snyder on building a successful mortgage companyDan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.
loanDepot promotes former MLB star to regional vice presidentBart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.
Lower's Dan Snyder on building a successful mortgage companyDan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.
loanDepot promotes former MLB star to regional vice presidentBart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.
A mortgage firm denies Miami metro area racist redlining - but will pay $1.75 millionThe Mortgage Firm settled with the DOJ over redlining accusations but insists it did not violate any laws.
See the moment mom learns her son paid off her mortgage for ChristmasLevi Ohanenye surprised his mother by paying off her mortgage, celebrating her sacrifices and hard work over the years.
Explainer: What happens to your mortgage after a disaster?Homeowners should not make mortgage payments if their home is significantly damaged, relying primarily on insurance for relief.
Prices for FICO scores are predicted to rise again in 2025Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
It's official! FICO raises score price to $4.95 for mortgage lendersFICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
Prices for FICO scores are predicted to rise again in 2025Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
It's official! FICO raises score price to $4.95 for mortgage lendersFICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
Property data collection-based appraisal waivers, UPD and the future of appraisalsAppraisal waivers are essential for lenders to reduce collateral risk and accelerate loan processes in the current mortgage landscape.
Widow will be 91 when mortgage term ends as loan service firm told to give her new interest rate of just 0.5pcA 36-year mortgage at 0.5% interest offers new hope for homeowners in financial distress.
Exclusive: AI mortgage startup LoanSnap loses license to operate in ConnecticutLoanSnap's license was revoked in Connecticut for violating state law and a prior consent order.
Ulster Bank wins tracker mortgage appeal in case that has implications for thousands of borrowersBorrowers lost their right to a tracker mortgage after switching to a fixed rate, according to a recent Court of Appeal ruling.
Five stupid money mistakes that can get your mortgage deniedIt's crucial to avoid financial mistakes between offer acceptance and closing to prevent changes in mortgage terms or denials.